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‘Moving in the Right Direction,’ Biden Says of Economic Growth

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‘Moving in the Right Direction,’ Biden Says of Economic Growth

On Monday, President Biden gave an update on the economic outlook for the country after a disappointing monthly jobs report on Friday. The president maintained in his speech that economic growth was continuing, despite pandemic losses.

As we learned Friday, the economy created 266,000 jobs in April. In fact, altogether, since the time we took office, we’ve created more than 1.5 million jobs in the country. It’s the most jobs created in the first 100 days of any president on record. We’re moving in the right direction. So let’s be clear: Our economic plan is working. I never said, and no serious analyst ever suggested, that climbing out of the deep, deep hole our economy was in would be simple, easy, immediate or perfectly studied. Remember, 22 million Americans lost their jobs in this pandemic. So some months will exceed expectations, others will fall short. The question is: What is the trend line? Are we headed in the right direction? Are we taking the right steps to keep it going? And the answer clearly is yes.

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